Why is Ginni Filaments falling/rising?

As of 07-Aug, Ginni Filaments Ltd is experiencing a price increase, currently at Rs. 52.36, which reflects a rise of 2.49 or 4.99%. The stock has reached a new 52-week high today and has been on an upward trend, gaining 13.8% over the last three days. It opened with a gain of 4.99% and has consistently traded at this price level. Additionally, Ginni Filaments has outperformed its sector by 6.34% today and shows strong performance over various time frames, with a year-to-date increase of 63.62% and a one-year increase of 71.67%. However, there has been a decline in investor participation, with delivery volume dropping by 24.23% against the five-day average, which could indicate a potential concern for future trading activity.
In the broader market context, Ginni Filaments' recent performance stands in stark contrast to the benchmark Sensex, which has seen a decline of 0.69% over the past week and a drop of 3.38% over the past month. This significant outperformance highlights the stock's strength relative to the market, particularly as it has consistently traded above its moving averages across multiple time frames. While the stock's liquidity appears adequate for trading, the falling delivery volume may suggest caution among investors, despite the positive price movement. Overall, the stock's rise can be attributed to strong performance metrics and positive market sentiment, even as broader market conditions remain challenging.